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In the recovery following the onset of the novel coronavirus, interest in the online gambling market has been skyrocketing. Not everyone will recognize special purpose acquisition company Landcadia Holdings (NASDAQ:LCA) or LCA stock. Yet, these are important to know if you are serious about taking a position in the emerging e-gaming industry.
SPACs are not necessarily the most exciting companies by themselves. What creates the buzz is their mergers with potentially lucrative companies in red-hot market niches. Landcadia fits the bill as it is combining with a major player in online gaming.
Granted, there are other names in online gambling which you can invest in. Yet, those could represent crowded trades, meaning that the bulls may have already bid those stocks up too aggressively. It does not feel like LCA stock has had a bull stampede yet, but